Pak-Qatar Asset Management Company Announces Dividend of PKR 1.7952 Per Unit

Staff Report: Islamabad – Pak-Qatar Asset Management Company Limited (PQAMC), a leading Islamic asset management company in Pakistan and part of the Pak-Qatar Group, has announced a monthly dividend for its Pak-Qatar Monthly Income Plan (PQMIP) under PQAMC’s Shariah-compliant Income Fund. PQMIP is among the highest return-paying plans in its category.

The plan announced a dividend of PKR 1.7952 per unit for July 2024, with an annualized return of 22.32% year-to-date, earned as of July 31, 2024. PQAMC holds an AM2 rating with a ‘Stable’ outlook from PACRA, while the PQMIP plan is rated A+ with a ‘Stable’ outlook by the same agency.

Mr. Farhan Shaukat, Chief Executive Officer of Pak-Qatar Asset Management Company Limited, approved the dividend distribution for July 2024, under the authority delegated to him by the Board of Directors.

Mr. Farhan stated, “The above entitlement will be distributed to the unit-holders whose names appear in the register of unit-holders at the close of business on July 30, 2024. This reflects PQMIP’s strong and consistent performance and our commitment to our valued participants.”

Pak-Qatar Group aims to add value to Pakistan’s economy through valuable investments and the creation of innovative and Halal financial ventures and services for sustainable growth.

Stakeholders can review the performance of the Pak-Qatar Monthly Income Plan on the Mutual Funds Association of Pakistan (MUFAP) website.